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Tuesday, August 4, 2020 | History

1 edition of Analysis of bidding data on offshore oil lease sales found in the catalog.

Analysis of bidding data on offshore oil lease sales

Analysis of bidding data on offshore oil lease sales

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  • 35 Currently reading

Published by Dept. of Energy, Los Alamos Scientific Laboratory, for sale by the National Technical Information Service] in Los Alamos, N.M, [Springfield, Va .
Written in English

    Subjects:
  • Oil and gas leases -- United States -- Statistical methods,
  • Offshore oil industry -- United States -- Statistical methods

  • Edition Notes

    StatementW. J. Conover ... [et al.]
    SeriesLA ; 8158-MS
    ContributionsConover, W. J, Los Alamos Scientific Laboratory, United States. Dept. of Energy
    The Physical Object
    Pagination30 p. :
    Number of Pages30
    ID Numbers
    Open LibraryOL14880494M

    Downloadable (with restrictions)! We describe an ongoing research project, in which we examine recent trends in bidding for offshore oil and gas leases, and the exploration and development of leases after they are sold. We review empirical findings regarding bidder participation and bidding for the period through In , the MMS adopted Area Wide Leasing (AWL), which dramatically.   Oil and gas drillers bid on only a tiny fraction of Gulf of Mexico acreage offered on Wednesday in the largest lease sale in American history, a .

      Five-Year Program for Offshore Oil and Gas Leasing: History and Program for Congressional Research Service 2 issued a record of decision approving the final program on Janu The final program was revised from a March proposed program (PP)10 and a January draft proposed program (DPP) The final program scheduled 11 lease sales on the . @article{osti_, title = {Revised oil-spill risk analysis: Beaufort Sea outer continental shelf lease sale Final report}, author = {Anderson, C and Johnson, W and Marshall, C and Lear, E}, abstractNote = {The Federal Government has proposed to offer Outer Continental Shelf lands in the Beaufort Sea for oil and gas leasing. Because oil spills may occur from activities associated with.

    BOEM held the first competitive federal offshore commercial wind lease sale in and auctioned off nearly , acres for wind energy development off the coasts of Massachusetts and of Rhode Island. Since then, BOEM has held four additional auctions for wind development in the Atlantic region. CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): Abstract: We describe an ongoing research project, in which we examine recent trends in bidding for offshore oil and gas leases, and the exploration and development of leases after they are sold. We review empirical findings regarding bidder participation and bidding for the period through


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Analysis of bidding data on offshore oil lease sales Download PDF EPUB FB2

Get this from a library. Analysis of bidding data on offshore oil lease sales. [W J Conover; United States. Department of Energy.; Los Alamos Scientific Laboratory.;]. Information to Lessees for Sale Lease Stipulations for Oil and Gas Lease Sale List of Blocks Available for Leasing (pdf file or zipped ASCII file) Unleased Split Blocks and Available Unleased Acreage of Blocks and Irregular Portions.

Example of Preferred Format includes: 1. Geophysical Data and Information Statement (GDIS), 2. POGO’s analysis of auction competitiveness focused on the Gulf of Mexico because, in recent decades, that has been by far the main arena for U.S offshore oil and gas production and lease sales.

In almost every sale since the Reagan Administration redesigned the auction system, just a small percentage of the Gulf tracts put up for auction have. Summary of Procedures for Determining Bid Adequacy at Offshore Oil and Gas Lease Sales: Effective Julywith Sale In administering the offshore oil and gas leasing program, the Secretary of the Interior is required by law to see that the Government receives a fair return for the lease rights granted and the minerals conveyed.

Five-Year Offshore Oil and Gas Leasing Program for Status and Issues in Brief Congressional Research Service 3 increase flexibility for companies that also are bidding on lease blocks in Mexican Gulf waters. This region-wide approach is also continued in the Trump Administration’s proposal for File Size: 1MB.

Production of oil and natural gas in federal waters generated about $90 billion in revenue for the government from through The Bureau of Ocean Energy Management leases exploration rights to companies and sets royalty rates on found the bureau systematically underestimates the value of offshore oil and gas leases, resulting in the government collecting.

The federal offshore leasing program began inand there have been few alterations in the auction mechanism. However, the environment in which firms bid in these auctions has experienced a number of substantial changes. Offshore oil and gas today accounts for.

BOEM's offshore wind auction attracted 19 qualified bidders, who quickly pushed initial bids of $,$, for the three lease areas up to $91 million-$ million after 24 rounds of. The drilling and production rights for oil and gas on tracts are auctioned to oil and gas –rms in the form of leases.

The leases are o⁄ered simultaneously in a given sale. Each lease is sold by a –rst-price sealed bid auction, in which the bid is referred to as a bonus payment.

MASTER Offshore Wind Update - View presentation slides online. For this EBC Renewable Energy program on Offshore Wind, come hear Offshore Wind industry and government leaders explain how the Bay State has taken the national leadership on offshore wind development.

Officials from Cape Wind and Deepwater Wind will provide updates on final plans and contracts for construction of their. LeasingOil and gas resources on the public lands are developed in a manner that considers other values and uses of the land and in an environmentally sound manner.

The environmental review process for developing oil and gas resources is multi-faceted and includes input and coordination with other Federal and state agencies, as well as the public. Additional Physical Format: Online version: Reece, Douglas K.

(Douglas Kent), Leasing offshore oil. New York: Garland Pub., (OCoLC) O shore Oil Lease Auctions We study the case where rms participate in a Brazilian o shore lease auction. Each bid corresponds to the government’s share of the pro t oil.

Firms pro t function take into account leasing and operation details such as: CAPEX, probability of exploratory success, recovery factors, oil reserve etc. An oil, gas, or other mineral lease on land in which the state reserves a mineral or royalty interest is not effective until a certified copy of the recorded lease is filed in the General Land Office.

Any pooling or communitization of the state's Free Royalty interest requires School Land Board approval. State Right of Way Leasing (SROW). A similar analysis will be required for assets that are placed into service in such MACRS asset classes as Offshore Drilling (), Drilling of Oil and Gas Wells (), Petroleum Refining (), and Natural Gas Production Plant () since the class life for each is less than 20 years.

This paper describes the U.S. offshore oil and gas lease sales conducted by the Department of the Interior since Several decisions are discussed, including bidding for leases, the government's decision whether to accept the highest bid, the incidence and timing of exploratory drilling, and the formation of bidding consortia.

Downloadable (with restrictions). This paper describes the U.S. offshore oil and gas lease sales conducted by the Department of the Interior since Several decision variables are discussed, including bidding for leases, the government's decision whether to accept the highest bid, the incidence and timing of exploratory drilling, and the formation of bidding consortia.

Wednesday’s lease sale includes 4, blocks, located between nine and miles offshore, including between to million barrels of economically recoverable oil. IHS US Federal Offshore Lease Guide is a mapping and reporting tool that can help increase leverage in divested property bidding process.

Customer Logins Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. N2 - We describe an ongoing research project, in which we examine recent trends in bidding for offshore oil and gas leases, and the exploration and development of leases after they are sold.

We review empirical findings regarding bidder participation and bidding for the period through. GOMESA: Opens million acres in the Gulf of Mexico for oil and gas leasing; Stipulates that % of all qualified Outer Continental Shelf revenue will be shared among the states of Alabama, Louisiana, Mississippi, and Texas, and that % of revenue will be allocated to the Land and Water Conservation Fund (revenue from a more substantial set of leases was added in ).

Oil and gas leases involve secret bids, rather than an auction-style format. If an organization is determined to win the lease, it may drastically overpay. Interior Dept drafts new regulations that will, if made final, prohibit joint bidding for offshore oil leases by 8 largest oil cos in order to give more medium‐size cos a chance to win offshore.